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. budget negotiators are working through the weekend in the hopes of getting a deal. president obama reflects on nelson mandela. julianna goldman and heidi przybla join us. will they get a budget deal by the end of next week? >> both sides are optimistic. you have to look at where they started out. they started out with a very narrow amount of options. what we are talking about is that that list has narrowed more. it is not necessarily getting easier with those smaller items. specifically the democrats are , raising concerns about what will happen to federal employees. >> if they do get a deal, it would be a pretty small deal. the politics are important as opposed to the fiscal or economic impact. >> it will be a very small deal. >> the range we were told they started out with was $50 billion-$100 billion. we are being told that that might be whittled down so much that they might not get anything more than a patch deal for about one year. that is very small. that leaves a lot to be dealt with. >> what is the white house doing? why does the white house care? >> it avoids another shutd
is what is damaging the economy right now. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. the enrollment numbers are looking pretty good but that is in the front end. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the
will try to get back to him as soon as we can. president obama praising his achievements saying he served as an example for himself and many others. and nifty his fierce and unbending will do sacrifice his own freedom for the freedom of others, he transformed south africa and moved all of us. his journey from a resin or to a the promisebodied that human beings and countries can change for the better. his commitment to transfer power and reconcile with those who jailed him set an example that all humanity should aspire to. >> bloomberg's kathleen hunter joins us from washington with more reaction. what are we hearing from the white house at this hour? >> from the speech we saw from president obama, the comments he made, one of the most striking was when the president talked about his own influence, the influence it had on his own life from nelson mandela specifically hisrencing the fact that first political act, his first act of political activism dating back to 1981 was when he helped lead and make a speech at an anti-apartheid rally at occidental college. 19-year-old barack obama with th
right now. >> as they take budget off the table temporarily, what is obama doing as his domestic priorities? >> he has to devote all of his attention into righting the healthcare ship. this is his legacy-defining item. the enrollment numbers are looking pretty good but that is in the front end. enrollment is a lot different than actually getting the 7 million people that they need signed up and having purchased health care. they are focusing big on colleges, on getting the word out to be able to get the young uninsured signed up to balance out that risk pool. >> i am not in that risk pool. if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual l
are boarded a plane to south africa. they will be joining president obama at the memorial service for nelson mandela. you pose problems for all of the does not sound like you. more than 20 lawmakers on their way for the memorial service. they should be back by wednesday. we expect if there is a budget deal, it would happen by late tomorrow. subject should happen later. it should not cause a big problem. rex phil mattingly joining us tonight. a victory for wall street, regulators will not require ceos to confirm they are complying with the vockel rule according to people familiar with tell us the wording will be a relief to who werek executives concerned they would have to personally guarantee and their firms were in compliance. instead, they would have to sign off on having policies and systems in place. five agencies are set to approve. the mostation is among complex and controversial arising from the dodd frank act in 2010 to overhaul the banking crisis. to the credit the congressional health care clock is ticking. biting into the day, lawmakers need to enroll in a plan under obama care or
, nelson mandela. he meant a lot to barack obama, didn't he? had met just once and limited communication. both of them are so tied and bound by history. both of them wrote the race barrier. they are both nobel laureates. obama's political activism, his reallyf service, it was born from mandela. he got his start working in the anti-apartheid divestiture campaign when he was at occidental and was the first big speech he gave. president barack obama is directly tied to president nelson mandela. >> you said they only met once, when? >> it was in 2005. rock obama was a freshman senator. he was driving -- was a freshman senator. he was driving and he got a call that said, nelson mandela is that the hotel. do you want to meet him? they got to the four seasons and the guy thought, maybe i should grab the camera. they are going up the elevator to the sweet and he notices that the battery light is blinking. so, they walk in and mandela is reclining underneath the window with his legs propped up and obama went up to shake his hand and david got a couple of pictures and then the camera died. up inic
have met with nelson mandela in the past. we are waiting word from the white house. president obama is sure to have something to say about this in the next bit. most of the comments we are seeing already from congress, praising nelson mandela, the life he lived and what he meant not only to south africa, but to the world as a whole. i expect we are going to get a lot more of those comments in the next bit as people take stock of this man's life. he had been sick for sometime. we spoke in the last hour about the fact that president obama was in africa when there was a concern that maybe nelson mandela's health was failing him then and perhaps the president might visit. that didn't happen at the time, and now we get word that at age 95, nelson mandela has passed on. i expect to hear a significant amount of reaction from the united states to this news. >> we have gotten news that president obama will be making a statement at about 20 minutes past the hour. in that report you spoke about mandela, of nelson and the lack of rancor he had toward past enemies. that has not meant peaceful t
is president obama. sacrificing his own freedom for the freedom of others. he transformed south africa and moved all of us. his journey from a prisoner to a embodied the promise that human beings and countries cachange forhe better. the commitment to transfer power and reconcile with those who jailed him is an example that all humanity should aspire to. he joined the african national congress and worked to oppose apartheid. inwould be sentenced to life prison and remained behind bars for 27ears for being released. want a free man, he was able to negotiate an end to apartheid rule and become the first elected black president of south africa and a global icon for reconciliation. nelson mandela is the subject of the latest film that hit theaters this weekend. i am joined with more. >> harvey weinstein has put out a statement on its passing. one of the privileges of making movies is immortalizing those that have had a profound impact on humanity. i was fortunate to have been immersed in his story and legacy. some of the material has been made available to high school students. the goal by
as the central bank enters into a new era. today, president obama outlined his plan. the president speech and what it could mean in the coming months. >> calling it the defining challenge of our time, president obama laid out broad plans. what was called a preview of the state of the union address, he called for a race to minimum wage and new investments in research and education. all part of an effort to close a gap that iss -- a increasingly large. >> they pose a fundamental threat to the american dream, our way of life, and what we stand for around the globe. is an issue they have hit on before. economic equality was the core of their attacks against mitt romney. today, president obama made clear it would be at the core of his agenda for the remainder of his time in office. whoited hope francis questioned a society driven by money and called on people to care more about the death of a homeless person than if the stock market went down. all of this has been laid out before. major roadblocks on capitol hill. republicans are concerned and have voiced it. an increase in unemployment insura
that the jobs reports showed steady broad-based growth that would pick up if only they would act on obama's proposal for immigration reform. republicans on the budget conference committee consider letting this through. >> we recognize that when employment -- unemployment is at this level that we should help the long-term unemployed. 1.3 million people will have a lump of coal in their stockings if we don't do this. >> the date to watch there is december 28. before that, they meet on december 17 and 18. a growing number of economists surveyed by bloomberg say that policymakers will decide to taper. that number doubled from 17% to 34% after today's strong jobs report. still in the lead, not by much. they are putting the december taper at 50%. >> the. for more of the november jobs numbers we will take a look at our chief economist. welcome back. good to see you again. is this evidence of a sustainable economic recovery in the u.s.? >> how can it not be sustainable? we are almost four years into this. when it comes out these headlines am a and they are saying, well, maybe we will taper in a f
obama and the congress. today.s in papers effectively they appear to be more specific in what they want. one thing they want is there to the authority o of the government to access online. e-mail and data we heard effectively that kind c.e.o. of t from the google saying we have been doing in terms of encryption and -- of data but we have learned the government is taking the data servers. so that undermines our effort. that is the first thing is see put on the government's ability and authority to access information in the world. >> but what we are talking about only way the n.s.a. is collecting data. page fectively what larry is talking about is the n.s. afpa. muscular that the world learned about in october here they gained access and kind of joked about it leaked by andden to the goggle server yahoo servers sort of pointing where the server systems meet the public internet. ironic part is there was a program already we knew called rism and have known about for some time thanks to snowden already hadvernment front-door access to the likes yahoo and facebook and could request those com
's, yum brands and others calling on companies to increase employee play. obama jumped in. he said they work their tales off and live barely above poverty. $10:10 support a minimum wage. they want $15. >> they want $15 minimum for any worker. >> think about this. if you had any relative that was working negligence a full-time job, one of these jobs, would you want them making that wage. >> the average wage is about $8.9 in these places. you are looking at $16,000 or $17,000 a year to make a living. nobody can make a living at that rate. >> if we all agree it is not going to hurt the economy to raise the minimum wage, why don't we raise it to $50? that is a much better idea. >> hang on. hang on. >> let's mac it $500. >> remember this. it is true if people make more, they are going to spend more, but it also means prices are going up. those dollar meals at mcdonald's, they won't be a dollar anymore. >> that is the rhetoric, but we don't know that is the reality. >> if you owned a small business, and you were going to pay someone $50 an hour, and i am just throwing that out there ver
. president obama made it very clear, iran will not have nuclear weapons. that is his red line. prime minister netanyahu said, iran will not have nuclear weapons capability. that is his red line. but the difference between those two creates a certain gap. is that gap fundamental? no, because the bottom line is the same. they have different red lines, but they have the same bottom line. iran will not be a nuclear weapon country. this is what we have to and the, that israel united states are completely aligned on that issue. there might be different path to get to that result, and there might be disagreements along the , but theen friends bottom line, which is what is really important in life, is completely aligned. >> others come to this table and make the following argument. why now? the reason the iranians are talking is because of the sanctions. why not tie long more sanctions so they will not make an interim agreement that will say, ok, we can't live with the sanctions anymore, what is it you want? and therefore not only stop, freeze, but get them to dismantle the centrifuges? that would be
the pointed review rupe just this week. president obama said he is trying to get the nsa to impose self-restraint. some will be proposing self-restraint on the nsa. and to initiate reforms that can get people more confidence. i want everyone to be clear, people of the nsa generally are looking out for the safety of the american people. they are not interested in reading your e-mails or text messages. >> president obama speaking on hardball. what kind of reforms eu imagine the president is talking about he phrases the way it as self-restraint will not be enough. the nsa artie has privacy rules that it violates on a regular basis. it cannot be trusted to police itself. thing that wetant hope will be endorsed is fundamentally changing the statute, the rules so they can no longer collect information on everyday americans and innocent people are not -- who are not suspected of doing anything wrong. government and nsa truly protect us is everything it's -- is transparent? >> no one is calling for them to name terrorist targets or explain who they are spying on. explainst asking they the very
with administrations on both sides of the aisle. obama,sident barack mandela was a strong political and personal influence. he paid tribute last night. i am joined by the former ambassador to south africa under president george bush who worked with mandela. also with us is bloomberg political analyst matthew dowd. rick to have you with us. ambassador, -- >> -- great to have you with us. ambassador, let me start with you. tell us about what your meetings were like with him. >> the thing that really struck me was his level of graciousness and humility. he was not a big man, but he was larger than life in my eyes, and he struck me as a gentle soul. he offered me a tremendous level of encouragement, and he was very positive in terms of the interactions between me and him, and also felt that we had the opportunity to continue to strengthen the relationship between both south africa and the united states. >> matthew dowd, i want to play one part of the president's tribute to nelson mandela, where he was really emotional talking about his influence on him. >> we have lost one of the most influential, c
. it kicks off computer science education week. org.s sponsored by code. here is president obama. notearning these skills are important for your future but for our country's are. if you want america to stem the cutting edge tom a we need young americans to master the tools and technology that will change how you do just about everything. >> they are giving coding tips from entrepreneurs included this guy, mark zuckerberg. >> if i wanted to wish everybody on facebook and happy birthday by sending an e-mail, it might take more than a century to write out all the e-mails. with a few lines of code, i can have a system to send an e-mail to everybody on facebook. that is why they are valuable. francisco us from san is the cofounder of whether that mark zuckerberg, what is the point of this? >> it is great to be here. that weioned earlier are lagging in math and science. at least every school in america does teach math and teach science. only one in 10 schools teach computer science. yourself, if the point of education is to prepare kids for afe and the 21st century tom shouldn't we teach
companies. they highlight the need to reform practices. after president obama told msnbc that he plans to propose curbs on the nsa to guard against snooping. >> facebook says to mind my business. >> what is the story here? >> there is tension between what the government is trying to get and forcing them to unveil or reveal some of what they have been doing. they are trying to hold back on releasing too much information. >> do they have my e-mails? >> i think that they do. >> madeleine albright says that they have been -- this has been going on for years. the french were listening to phone calls. this is not new. edward snowden has put this out there and everyone is panicked. >> they may think that there e- mails to eharmony --? >> sadly, they are not that interesting. page out is taking a of bill ackman's playbook. they have accused herbalife of being a pyramid's create -- scheme. they are approaching investors. they are projecting that they pulled their money from ackman's firm. they have lost up to $500 million. it is risky and he responsible. they win and and hired a firm to fight
. tech giants calling on president obama. what are these companies looking for? >> they're looking for the us government to curtail its electronic surveillance program. eight of the biggest tech companies have signed an open letter to president obama and congress that will go in the papers today. they're done things like this before. the fed open letters and what is different now is there more angry than they have been in the past. they're also more specific in terms of what they would like the government to do. one thing they would like to see is some kind of limit on the authority of the government to also collect data. ceo of google, larry page, says we're doing our utmost to up our game in terms of asryption at google and even we do that we apparently learn that the government is wholesale taking this data off our servers, undermining our ability to provide our users with more secrecy. what is talking about is the nsa program called muscular at the world learned about at the end of october. as we learned that as of january of this year basically the nsa was taking data from bot
block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will be one of the lacquers on the sx 200. on tuesday a hearing is due to begin. into the asian on the crash. happened in san francisco in july. people died when the bowl and triple seven hit a seawall as a came into land. they're going to look at the pilot performance. on wednesday it is hong kong's biggest debut in a year. china raise about $2.5 billion in its ipo. it was set up in 1999 to deal with bad debt from chin
maximum exposure. action.""insight & president obama on minimum wage and workers in fast food rants, quote, work their tales off and they're still barely living line.the poverty what's he talking about? 35 fact that 35 states, states in the u.s., 35 out of 50 states, this is a real problem, are actually paying more in benefits than you can make if 40-hour workweek at minimum wage. think of that. let me give you an example. florida. this. look at florida weekly jobless benefits, $521. all right? that's an hourly rate of $13.05 the minimum wage o of $7.79. it's incredible to think about that. you're actually better off, at least in the state of florida, not working and collecting your jobless benefits than working a wage that seems crazy. right? as though our priorities are completely backwards. it ought to be the other way around. that is why we've had protests yesterday in 100 cities, fast to get more trying money. so that creates a real issue as look at the restaurant stocks. right? because they may have to start paying more money, perhaps. did.s what we we tried to figure out who
to technology. technology countries have called on president obama and congress -- onose greater surveillance. >> they want to governments not just the u.s. government to change the way they carry out their electronic surveillance programs. of theiggest -- eight biggest companies have signed a letter to president obama and congress that will go in the papers today. they have done this before. the difference is they are more angry. it is a populist tone. that are more specific. one thing they want is to limit the government authority to collect user information stop we heard the google ceo and he is quoted in the letter and he said, we have been tried to off our game with encryption to protect user data. whenever government is taking a information, that is not worth a whole lot. he is talking about a program called muscular when we had the smiley face emoticon under the nsa slide that indicated exactly how the nsa is collecting data from google and yahoo! where their internal servers meet the public internet and how they are taking tens of millions of records every day. he is saying all of the
to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global commerce. to basically out get an agreement among all of us since 2001 or even earlier in 1995. we have not been able to get an agreement. that is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. paul's point to the national vote which must be held by may. let's have a look at the prospects of the trading week over there and what happened on friday as well. it was higher by about 0.3%. we could be building on that. a group of investors is said to be considering a bid for the qantas fleet. that w
, equality, and freedom. >> in the u.s., the white house flag is at half staff today. president obama made a statement from the white house last night. classes journey from to a president embodied the promise that human beings and countries can change for the better. his commitment to transfer power and reconcile with those who jailed him is an example all humanity should aspire to, whether in the lives of nations or our own personal lives. the fact that he did it all with and thed good humor ability to it knowledge his own imperfections, only makes the man that much more remarkable. said, "i am not a saint, unless you think of a saint as a sinner who keeps on trying. " >> that gets to the heart of his humility. he did so much good but he struggled with his own short humming. bono and morgan freeman knew all about that. >> he does not feel like a big success we all hold him up as. he thinks of himself, personally, deep inside, as a failure. because of his family life. he could not do both. >> south africa became his family. >> yes. so, his obligations to his son, it weighs on him today. >>
. what will he be remember as as a person? >> it is such a difficult thing. as president obama referred to a man rarely seen. a man that was not only humble but very powerful. someone we probably won't ever see again in our lifetime. he was such a rare character. he came from the royal family. he had the presence of royalty yet he was so humble. it is something that people always talk about. they had ability to disarm his enemiesly kindness and eventually his enemies would want to be his friend and would fall in love with him. that is some of the rhetoric we know as south africans. he is known as the father of the nation. the person that came to symbolize someone who could take a difficult dispute and resolve nefment will south africa change after his death? >> this has been debated for quite sometime. a lot of people were in denial. he was 95 years old and sick for a very long time. it was something that was in the back of our minds. he seemed invincible. he fought until the very end. whether south africa is going to change, i think it is going to give a lot of people hope and look bac
as well as they plan to drop their federal health care plan and sign up for the obama health care law. they have to beat some of their own cooking. they have to experience what their constituents are dealing with. the reality is, they have more options. 112 gold level planned by four different insurers. the government picks up about 75% of their premiums. the onlineet to use exchange, not the troubled john bane are signed up for an individual plan. his office that it took them several hours and he does not really like the end result. a new $800 a month premium went to factor in his wife's medicare. arey health and premiums going to double. m lopez tripled. i am thrilled to death as you can tell. tripled.pays i am thrilled to death as you can tell. >> do they lawmakers actually have to enroll? >> they don't. they can opt out but there is a possibility it would end up costing them more money. one is mark. he is facing a tough reelection fight. no government subsidy. his premium is nearly $600 a month. lawmakers do not need to enroll. they're covered by other insurance. o
at english ministers and american presidents. how many of them lost apparent in childhood. obama, clinton, who is a fascinating case study who suffers is below early on -- >> his father was killed before he was born. >> he grows up in a kind of environment without that kind of safety net. do? does it it seems to have given him the strength. that pattern, we see that again and again and again among people. >> do you think that is a majority? >> i do not. i make the same argument with dyslexia. there is an born -- minority pattern. you see a large number of successful launch vendors have dyslexia. that is not a common response -- of successful entrepreneurs have dyslexia. that is not a common response. that is not the typical response. it is fascinating to see this bimodal response to what we would consider just to be a setback. >> do you think that -- i mean, it is often said that some large comediansercentage of come to comedy out of pain. >> you know it is funny, i was just reading the new biography of johnny carson. it talks about, the fascinating thing where his mother, who was the mos
have seen for, where the obama administration spent weeks trying to prepare the exchange while at the same time up and running. class aside from the obvious delay, how else will this be different? >> one big difference is testing. a beta version. technology will be demonstrated for participants in a mock auction. it will be tested before the sale happens. one of the big complaints about the health care exchange website, there was not an adequate end to end test of the entire system. >> thank you. next, the real problem with fannie and freddie. we will explain with josh rosner and will be right back. ♪ qwest time for chart attack, where we show you two charts that will make you smarter. first, fannie and freddie kind of got stuck holding the bag. by some measures, they may still be the only measure in -- only game in town. walk us through what we are talking about and make it easy on viewers. >> a legislative reform push in washington to figure out what to do about fannie and freddie. do we liquidate them or fix them? right now, saying, let's just wait them out and start
leaders like president obama paying tribute to his life and we are really waiting to see what happens now going forward. >> as you say, we are going to in which we pay tribute to the man and that we will have his funeral. presumably, the logistics of that funeral are going to be something because world leaders will be pouring into this country to attend that event. >> yes, i think so. does not come as a surprise. he was a very old man and has been ill for a long time. i'm sure there were thorough preparations. bigsure it will be a very event, a big, big moment in the history of the country. >> thank you very much indeed. >> for more on nelson mandela's bloombergt's bring in tv's africa anchor. what is his legacy? hewhen he became president, engaged with all of the chief executive officers. find outth them to what the investment prognosis was. heading up to the elections, he ensure that they wanted peace -- he engaged with the investment community and embarked on a tour around the world, which assisted in south africa getting rid of those sanctions. we saw growth growing from to around 3%
was not really going to last because what is apparent now is obama care, the affordable care act is here to stay. so they now need to offer some changes if that is the route they are going to take. but what they are really focusing now -- which is also a big problem -- iv bare the back end problem spirit on the front end, the user experience is working well but the information transmitted to the insurers is getting garbled or incomplete and that could prevent people from getting the insurance coverage come january 1. on a more serious moment, tragedy at the white house yesterday. a poor child was run over at the christmas party and the first lady came to the rescue. what was the reaction at the white house to this atrocious act? wasn'tve to tell you, i houseing the white response to this crisis mode they are probably in. [laughter] >> were they in the basement bunker? >> i will be sure to find out and get the response. we will make sure that it is on the record. we will not let it be on background. they will have to put a name and a face. , she will be -- julianna goldman will be down at the you
at or below the minimum wage of seven dollars -- $7.25 last year. president obama is calling for a hike to about $10 per hour. that is what he calls a broad growth agenda. airport workers and fast food workers and to nurse assistants and retail salespeople who work their tails off. they are still living at or are above poverty. that is why it is well past the time to raise a minimum wage that in real terms right now is lower -- >> fast food workers in 100 cities across the country made a strike yesterday. they earn about nine dollars per hour. they want the minimum increased to $15 per hour. i want to bring in columbia university professor -- who focuses on labor inequality issues. i want to start with you. restaurant workers are calling for $15 per hour. don't they run the risk that mcdonald's or wendy's will cut the workforce? >> that is the myth. we have plenty of studies recently that show there are negligible employment effects when you raise the minimum wage. when you think about it, take the current employees -- $7.25 per hour. a big mac is three dollars. they could actually buy
Search Results 0 to 38 of about 39 (some duplicates have been removed)